Paramount Skydance launched a $108 billion hostile bid for Warner Bros. Discovery, surpassing Netflix’s offer. The bid aims to acquire the entire company, including studios and streaming. Warner Bros. recently agreed to merge parts of its business with Netflix, including a spinoff of cable assets. Paramount argues its offer delivers $18 billion more in cash. The bidding war intensifies as both sides face regulatory scrutiny. Paramount’s financing includes funds from the Ellison family and Middle Eastern sovereign funds. Warner Bros. may demand $33 per share to walk away from Netflix’s deal, reshaping the media sector.

Read more at Quiver Quantitative: Ellison’s All-Cash Offer (WBD) Reshapes the Media M&A Landscape